Property Q&A in Manalapan>Question Details

marl71, Home Owner in Manalapan, NJ

Why is 59 Maxwell Lane, Manalapan at a higher price range, across the street than mine considering they do not have updated bathrooms or a pool?

Asked by marl71, Manalapan, NJ Fri Aug 2, 2013

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Marl71, the actual value of any property is the price that a reasonable buyer is willing to pay a reasonable seller. Currently there are 2 homes listed for sale on Maxwell Lane (#13 and #28). Only one (1) home on Maxwell Ln sold so far in 2013 (#75, for $405,000 on 6/27/13).

Whether or not your home is currently worth more than the home across the street is just a "guesstimate", especially if you're looking at computer-generated numbers such as Zillow uses. A reputable REALTOR® can do a free market analysis for you after he/she physically tours your home with you. The value (or more likely range of values) that you'll be given will be based on similar comparable homes that have recently sold in your area as well as those that are currently listed for sale. Beware anyone (or any web site) that claims they can give you a true market value without actually walking through your home- it just can't be done.

Leonard “Len” Dunikoski, GRI
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739 (cell) (732) 530-6686 (office)
0 votes Thank Flag Link Fri Aug 2, 2013
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